https://sputnikglobe.com/20210929/alibaba-to-ban-sale-of-cryptocurrency-mining-equipment-on-its-platform-1089517633.html
Alibaba to Ban Sale of Cryptocurrency Mining Equipment on Its Platform
Alibaba to Ban Sale of Cryptocurrency Mining Equipment on Its Platform
Sputnik International
MOSCOW (Sputnik) - Chinese e-commerce giant Alibaba has decided to ban the sale of cryptocurrency mining equipment on its platform, the company said on Monday. 29.09.2021, Sputnik International
2021-09-29T12:30+0000
2021-09-29T12:30+0000
2021-09-29T12:30+0000
newsfeed
asia
china
mining
cryptocurrency
https://cdn1.img.sputnikglobe.com/img/07e5/03/0e/1082339706_0:0:2048:1152_1920x0_80_0_0_d6169ba0b6aef26b68745bb1807e7afe.jpg
"Alibaba.com will prohibit the sale of virtual currency miners in addition to the prohibition of sale of virtual currencies such as Bitcoin, Litecoin, BeaoCoin, QuarkCoin, and Ethereum," Alibaba said in an official statement.Alibaba clarifies that the restrictions are related to the tightening of policy on cryptocurrencies by the Chinese government. The ban will also include hardware, software, tutorials, strategies used to obtain virtual currencies, as well as tutorials.The ban will go into effect on 8 October 2021. Alibaba will impose fines on sellers for evading regulations and deliberately misrepresenting a product and, depending on the seriousness of the violation, restrict their activities on the platform, including blocking the account.Alibaba Group was established in 1999 by businessman Jack Ma. It includes several subsidiary companies such as Alibaba Pictures, Alibaba.com, AliExpress.com, Taobao.com, and Tmall.com.
https://sputnikglobe.com/20210924/bitcoin-ethereum-fall-as-china-declares-all-cryptocurrency-related-transactions-illegal-1089366550.html
china
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2021
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
newsfeed, china, mining, cryptocurrency
newsfeed, china, mining, cryptocurrency
Alibaba to Ban Sale of Cryptocurrency Mining Equipment on Its Platform
MOSCOW (Sputnik) - Chinese e-commerce giant Alibaba has decided to ban the sale of cryptocurrency mining equipment on its platform, the company said on Monday.
"Alibaba.com will prohibit the sale of virtual currency miners in addition to the prohibition of sale of virtual currencies such as Bitcoin, Litecoin, BeaoCoin, QuarkCoin, and Ethereum," Alibaba said in an official statement.
Alibaba clarifies that the restrictions are related to the tightening of policy on cryptocurrencies by the Chinese government. The ban will also include hardware, software, tutorials, strategies used to obtain virtual currencies, as well as tutorials.
The ban will go into effect on 8 October 2021. Alibaba will impose fines on sellers for evading regulations and deliberately misrepresenting a product and, depending on the seriousness of the violation, restrict their activities on the platform, including blocking the account.
24 September 2021, 16:18 GMT
Alibaba Group was established in 1999 by businessman Jack Ma. It includes several subsidiary companies such as Alibaba Pictures, Alibaba.com, AliExpress.com, Taobao.com, and Tmall.com.
